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63 Moons Technologies Limited Interim / Quarterly Report 2025
60264_rns_2025-10-29_36f9a722-bee3-4eef-802e-7554e1583df5.pdf
Interim / Quarterly Report
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October 29, 2025
| : Listing Compliance, | : Listing Compliance, : |
|---|---|
| : BSE Limited | : National Stock Exchange of India Limited : |
| : P. J. Towers, Dalal Street, | : Exchange Plaza, Sandra Kurla Complex, \ |
| : Mumbai - 400 001 | : Sandra (E), Mumbai - 400 051 : |
| l._(Scrip Code: 52688_1) ) (Scrip Code: 63MOONSL i |
Dear Sir / Madam,
Sub: Unaudited Financial Results (Standalone & Consolidated) alongwith Limited Review Report for the quarter ended 30th September, 2025.
Pursuant to the applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the Board of Directors of the Company, at its meeting held today, i.e., 29th October 2025 inter-alia has approved the Unaudited Financial Results (Standalone and Consolidated) alongwith Limited Review Repo,1 for the quarter ended 30th September, 2025.
Copy of the Financial Results alongwith Limited Review Report is enclosed for your records.
The meeting commenced at 4:00 p.m. and concluded at 5:45 p.m.
Kindly take the above information on your records and acknowledge receipt.
Thanking You,
Yours faithfully, For 63 moons technologies ti, • :;;;:=;;:::::::,
<P~
Hariraj Chauhan Sr. VP & Company Secretar
Encl: a/a
63 moons technologies limited
Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai - 400 093, India T: +91-22-6686 8010 I F: +91 -22-6686 8050 I E: [email protected] I W: www.63moons.com Registered Office: Shakti Tower-II, 4lh floor, Premises-J, 766, Anna Salai, Chennai - 600002. T: +91 44 4395 0850 I F: +91 44 4395 0899 I CIN No.: L297 42TN1988PLC015586
63 moons technologies limited Regd. Office: Shakti Towers-II,J,4th Floor,766, Anna Salai, Thousand Lights, Chennai - 600002. CIN - L29142TN1988PLC015586
A. STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2025
| Quarter ended | Six months ended | Year Ended | |||||
|---|---|---|---|---|---|---|---|
| Sr. | PARTICULARS | 30.09.2025 | 30.06.2025 | 30.09.2024 | 30.09.2025 | 30.09.2024 | 31.03.2025 |
| No. | Unaudited | Unaudited | Unudited | Unudited | Unaudited | Audited | |
| A | Continuing Operations: | ||||||
| Income | |||||||
| 1 Operating Income | |||||||
| Revenue from Operations | 1,491.66 | 2,567.68 | 543.32 | 4,059.34 | 1,224.70 | 2,732.46 | |
| 2 Other Income (net) | 4,085.69 | 4,217.96 | 3,578.62 | 8,303.65 | 7,335.59 | 15,609.03 | |
| 3 Total Income (1+2) | 5,577.35 | 6,785.64 | 4,121.94 | 12,362.99 | 8,560.29 | 18,341.49 | |
| 4 Expenses | |||||||
| a) Employee benefits expense | 1,933.36 | 1,885.16 | 1,649.00 | 3,818.52 | 3,668.74 | 6,763.06 | |
| b) Legal and professional charges | 883.47 | 822.92 | 964.46 | 1,706.39 | 2,088.31 | 4,534.52 | |
| c) Depreciation and amortisation expense | 322.34 | 299.90 | 284.72 | 622.24 | 536.00 | 1,099.17 | |
| d) Finance costs | 21.52 | 15.27 | 12.91 | 36.79 | 25.73 | 55.40 | |
| e) Other expenses | 1,288.19 | 1,203.45 | 853.81 | 2,491.64 | 1,839.44 | 4,046.05 | |
| Total expenses | 4,448.88 | 4,226.70 | 3,764.90 | 8,675.58 | 8,158.22 | 16,498.20 | |
| 5 Profit / (Loss) before Exceptional items from continuing operations (3- | 1,128.47 | 2,558.94 | 357.04 | 3,687.41 | 402.07 | 1,843.29 | |
| 6 Exceptional items | (623.29) | (750.00) | (750.00) | (1, 373.29) | (2,250.00) | (2, 150.29) | |
| 7 Profit / (Loss) before tax from continuing operations (5+6) | 505.18 | 1,808.94 | (392.96) | 2,314.12 | (1, 847.93) | (307.00) | |
| 8 Tax expense / (credit) | 265.11 | 84.87 | (141.79) | 349.98 | (132.71) | (126.10) | |
| 9 Net Profit/ (Loss) for the period from continuing operations (7-8) | 240.07 | 1,724.07 | (251.17) | 1,964.14 | (1,715.22) | (180.90) | |
| B | Discontinued Operations: (Refer Note 2) | ||||||
| 10 1 | Net Profit/ (Loss) for the period from discontinuing operations | (10.88) | 6.94 | 359.13 | (3.94) | 612.19 | 775.75 |
| 11 Net Profit/ (Loss) for the period (9+10) | 229.19 | 1,731.01 | 107.96 | 1,960.20 | (1, 103.03) | 594.85 | |
| 12 Other Comprehensive Income (net of tax) | |||||||
| (i) Other Comprehensive Income from continuing operations | (60.82) | (23.54) | (59.93) | (84.36) | (63.75) | (0.53) | |
| (ii) Other Comprehensive Income from discontinued operations | (0.59) | (0.20) | (54.90) | (0.79) | (57.93) | (2.84) | |
| Total Other Comprehensive Income | (61.41) | (23.74) | (114.83) | (85.15) | (121.68) | (3.37) | |
| 13 Total Comprehensive Income (11+12) | 167.78 | 1,707.27 | (6.87) | 1,875.05 | (1, 224.71) | 591.48 | |
| 14 Paid-up equity share capital (Face value ₹ 2/- per share) | 921.57 | 921.57 | 921.57 | 921.57 | 921.57 | 921.57 | |
| 15 Reserves excluding revaluation reserves | 2,86,352.68 | ||||||
| 16 Earnings per share (Face Value ₹ 2/- per share) Basic / Diluted (₹) (not annualised) |
0.50 | 3.76 | 0.23 | 4.25 | (2.39) | 1.29 |
STATEMENT OF STANDALONE ASSETS AND LIABILITIES
| SR No |
PARTICULARS | As at 30.09.2025 Unaudited |
As at 31.03.2025 Audited |
SR No |
PARTICULARS | As at 30.09.2025 Unaudited |
As at 31.03.2025 Audited |
|---|---|---|---|---|---|---|---|
| ASSETS | EQUITY AND LIABILITIES | ||||||
| Non-current assets | Equity | ||||||
| 1. | Property, Plant and Equipment | 20,185.10 | 20,504.10 | 1 | Equity Share capital | 921.57 | 921.57 |
| $\overline{2}$ | Right of use assets | 207.54 | 186.18 | $\overline{2}$ | Other Equity | 2,87,674.47 | 2,86,352.68 |
| $\overline{3}$ | Investment Property | 9,713.24 | 9,818.56 | Total Equity | 2,88,596.04 | 2,87,274.25 | |
| 4 | Other Intangible assets | 17.21 | 32.50 | ||||
| 5 | Financial Assets | LIABILITIES | |||||
| (i) Investments | 58,238.96 | 53,973.87 | Non-current liabilities | ||||
| (ii) Loans | $\mathbf{1}$ | Financial Liabilities | |||||
| (iii) Other Financial Assets | 25,839.18 | 25,948.55 | (i) Lease Liabilities | 164.44 | 162.81 | ||
| 6 | Deferred tax Assets (net) | 4,448.84 | 4,498.88 | (ii) Other financial liabilities | 423.76 | 224.24 | |
| $\overline{7}$ | Other non-current assets | 4,421.09 | 3,642.26 | $\overline{2}$ | Provisions | 1,219.26 | 1,168.37 |
| Total Non-current assets | 1,23,071.16 | 1,18,604.90 | Total Non-current liabilities | 1,807.46 | 1,555.42 | ||
| Current assets | Current liabilities | ||||||
| $\mathbf{1}$ | Financial Assets | Financial Liabilities | |||||
| (i) Investments | 13,496.20 | 12,898.26 | 1 | (i) Lease Liabilities | 70.16 | 48.52 | |
| (ii) Trade receivables | 9.10 | 304.57 | (ii) Trade payables : | ||||
| (iii) Cash and cash equivalents | 7,136.98 | 2,313.39 | Due to micro and small enterprises | 40.32 | 45.22 | ||
| (iv) Bank Balances other than (iii) above | 1,53,044.89 | 1,58,734.41 | Due to others | 483.49 | 404.28 | ||
| (v) Loans | 505.92 | 509.77 | (iii) Other financial liabilities | 14,492.09 | 11,136.34 | ||
| (vi) Other Financial Assets | 5,931.29 | 5,219.35 | $\overline{2}$ | Current tax Liabilities (net) | |||
| $\mathbf{z}$ | Current tax assets (net) | 753.22 | 2,450.67 | 3 | Other current liabilities | 1,828.45 | 3.561.72 |
| $\overline{3}$ | Other current assets | 3,734.11 | 3,326.24 | 4 | Provisions | 364.86 | 313.36 |
| 4 | Assets classified as held for sale | 23.03 | 5 | Liabilities directly associated with assets classfied as held for sale |
45.48 | ||
| Total current assets | 1,84,611.71 | 1,85,779.69 | Total current liabilities | 17,279.37 | 15,554.92 | ||
| Total assets | 3,07,682.87 | 3,04,384.59 | Total equity and liabilities | 3,07,682.87 | 3,04,384.59 |
(₹ in lakhs)
$\mathbf 1$
STATEMENT OF STANDALONE CASH FLOW:
(₹ in lakhs)
| Particulars | Six months ended September 30, 2025 |
Six months ended September 30, 2024 |
Year ended March 31, 2025 |
|---|---|---|---|
| A. Cash flow from operating activities | |||
| Profit / (Loss) before tax | |||
| Continuing operations | 2,314.12 | (1,847.93) | (307.00) |
| Discontinuing opertions | (5.56) | 863.69 | 1,094.46 |
| Adjustments for: | |||
| Depreciation and amortisation expense | 622.69 | 711.60 | 1,406.14 |
| Gain on Fair Valuation of Financial Assets at fair value through | (505.77) | (510.86) | (975.73) |
| profit or loss | |||
| Net Gain on sale of business undertaking | (126.71) | (14, 270.26) | |
| Investment in subsidiary written off | 1,500.00 | 2,250.00 | 4,500.00 |
| Provisions / liabilities no longer required written back | ۰ | (98.57) | (142.47) |
| Impairment of bonds | 11,920.55 | ||
| Bad debts / advances written off (net of provision held) | 5.84 | 6.90 | 15.98 93.86 |
| Finance costs | 36.78 | 51.14 (6, 153.97) |
(13, 121.02) |
| Interest income | (6,818.46) (2,977.07) |
(4,728.00) | (9,785.49) |
| Operating profit before working capital changes Changes in working capital: |
|||
| Adjustments for: | |||
| Trade receivables, loans, other financial assets and other assets | (133.27) | (408.96) | (1,402.65) |
| Trade payables, other financial liabilities, other liabilities and | 1,336.96 | 290.91 | 4,036.58 |
| provision | |||
| Cash from / (used in) operations | (1,773.38) | (4,846.05) | (7, 151.56) |
| Net Income Tax (paid) / refund received | 653.02 | (1, 135.95) | 3,722.38 |
| Net cash flow from / (used in) operating activities (A) |
(1, 120.36) | (5,982.00) | (3,429.18) |
| B. Cash flow from investing activities | |||
| Capital expenditure on Property, plant and equipment and other | (233.82) | (721.70) | (1,026.46) |
| Intangible assets including capital advances | |||
| Proceeds on sale of business undertaking on slump sale basis (net | 126.71 | 12,571.84 | |
| of expenses) | |||
| Purchase of stake in subsidiaries | (1,500.00) | (5,250.00) | (7,500.00) |
| Deposit with Competenet Authority | (9,800.00) | ||
| Purchase of Financial assets - others | (11,900.00) | (1,500.00) | (1,500.00) |
| Proceeds from sale of Financial assets - others | 7,542.74 | 873.94 | 2,339.31 |
| Bank deposits not considered as Cash and cash equivalents (Net) | 5,869.13 | 2,610.95 | (8, 127.58) |
| Interest income | 6,085.72 | 5,549.08 | 11,828.78 |
| Cash flow from investing activities Income tax (paid) / refund received (net) |
5,990.48 | 1,562.27 | (1,214.11) |
| (B) Net cash flow from investing activities |
5,990.48 | 1,562.27 | (1,214.11) |
| C. Cash flow from financing activities | |||
| Payment of lease liabilities - Principal | (35.67) | (135.07) | (288.89) |
| Interest | (10.86) | (31.09) | (53.74) |
| Net cash used in financing activities (C) |
(46.53) | (166.16) | (342.63) |
| Net (decrease) / increase in cash and cash equivalents $(A + B + C)$ | 4,823.59 | (4,585.89) | (4,985.92) |
| Cash and cash equivalents (opening balance) | 2,313.39 | 7,299.31 | 7,299.31 |
| Cash and cash equivalents (closing balance) | 7136.98 | 2.713.42 | 2.313.39 |
Standalone Other Income consists of:
Year Ended Quarter ended Six months ended Particulars 30.09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 (a) Change in fair valuation of Investments 190.08 315.69 304.27 505.77 510.86 975.73 (b) Interest Income 3,550.58 3,267.88 2,965.45 6,818.46 6,153.97 13,121.02 (c) Others (net) 634.39 345.03 308.90 979.42 670.76 1,512.28 4,085.69 4,217.96 8,303.65 7,335.59 15,609.03 3,578.62
| Standalone exceptional items consist of: | $(5)$ in lakhs) | |||||
|---|---|---|---|---|---|---|
| Quarter ended | Six months ended | Year Ended | ||||
| Particulars | 30.09.2025 | 30.06.2025 | 30.09.2024 | 30.09.2025 | 30.09.2024 | 31.03.2025 |
| (a) Investment in subsidiary written off / Expected credit loss on investment in subsidiaries (net) |
(750.00) | (750.00) | (750.00) | (1,500.00) | (2,250.00) | (4,500.00) |
| (b) Profit on sale of business undertaking (Refer Note 2) | 126.71 | $\sim$ | 126.71 | 14,270.26 | ||
| (c) Write off of investment in bonds / debentures (Refer Note 3 & 4) | ۰ | W. | 12 | 68 | (11,920.55) | |
| Total | (623.29) | (750.00) | (750.00) | (1.373.29) | (2.250.00) | (2.150.29) |
$\mathbf 2$
$(5$ in lakhs)
B. STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2025
| (₹ in lakhs, except per equity share data) | |||||||
|---|---|---|---|---|---|---|---|
| Quarter Ended | Six months ended | Year ended | |||||
| Sr. | PARTICULARS | 30.09.2025 | 30.06.2025 | 30.09.2024 | 30.09.2025 | 30.09.2024 | 31.03.2025 |
| No. | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |
| A | Continuing Operations: | ||||||
| $\mathbf{1}$ | Operating Income | ||||||
| a) Revenue from Operations | 2,042.21 | 3,032.64 | 977.22 | 5,074.85 | 2,134.86 | 4,663.81 | |
| b) Other Operating Income | 11.75 | 12.21 | 2.07 | 23.96 | 5.90 | 18.23 | |
| $\mathbf{2}$ | Other Income (net) | 5,348.05 | 6,417.32 | 3,810.98 | 11,765.37 | 8,691.48 | 18,927.05 |
| $\overline{3}$ | Total Income (1+2) | 7,402.01 | 9,462.17 | 4,790.27 | 16,864.18 | 10,832.24 | 23,609.09 |
| $\Delta$ | Expenses | ||||||
| a) Employee benefits expense | 4,495.83 | 3,867.00 | 2,926.54 | 8,362.83 | 5,989.67 | 12,009.70 | |
| b) Finance costs | 52.60 | 21.53 | 15.73 | 74.13 | 28.73 | 66.88 | |
| c) Legal and professional charges | 2,474.17 | 2,012.74 | 2,021.10 | 4,486.91 | 4,020.96 | 9,079.29 | |
| d) Depreciation and amortisation expense | 801.10 | 769.30 | 761.21 | 1,570.40 | 1,478.85 | 2,922.62 | |
| e) Other expenses | 3,764.24 | 2,654.05 | 2,002.09 | 6,418.29 | 3,640.84 | 7,415.91 | |
| Total expenses | 11,587.94 | 9,324.62 | 7,726.67 | 20,912.56 | 15,159.05 | 31,494.40 | |
| 5 | Profit / (Loss) before Exceptional items from continuing | ||||||
| operations (3-4) | (4, 185.93) | 137.55 | (2,936.40) | (4,048.38) | (4,326.81) | (7,885.31) | |
| 6 | Exceptional items | 126.71 | $\omega$ | 126.71 | 2,349.71 | ||
| $\overline{7}$ | Profit / (Loss) before tax from continuing operations (5+6) | (4,059.22) | 137.55 | (2,936.40) | (3,921.67) | (4,326.81) | (5,535.60) |
| 8 | Tax expense | 390.34 | 312.98 | (135.56) | 703.32 | (122.23) | 87.99 |
| 9 | Net Profit/ (Loss) for the period from continuing operations (7- | ||||||
| 8) | (4, 449.56) | (175.43) | (2,800.84) | (4,624.99) | (4, 204.58) | (5,623.59) | |
| 10 | Share of profit / (Loss) of Associate | (9.66) | (91.65) | 34.24 | (101.31) | 71.75 | 120.75 |
| 11 | Non-Controlling interest | 1,643.70 | 568.09 | 517.48 | 2,211.79 | 771.96 | 1,410.05 |
| 12 | Net Profit / (loss) from continuing operations after taxes, minority interest and share of profit of associates (9+10+11) |
(2,815.52) | 301.01 | (2, 249.12) | (2,514.51) | (3,360.87) | (4,092.79) |
| в | Discontinued Operations: | ||||||
| 13 | Net Profit/ (Loss) for the period from discontinuing operations | (10.88) | 6.94 | 359.13 | (3.94) | 612.19 | 775.75 |
| 14 Net Profit / (loss) after taxes, minority interest and share of | (2,826.40) | 307.95 | (1,889.99) | (2,518.45) | (2,748.68) | (3,317.04) | |
| profit of associates (12+13) | |||||||
| 15 Other Comprehensive Income | |||||||
| (i) Other Comprehensive Income from continuing operations | (112.01) | (14.42) | 16.58 | (126.43) | 15.79 | 7.95 | |
| (ii) Other Comprehensive Income from discontinued operations | (0.59) | (0.20) | (54.90) | (0.79) | (57.93) | (2.84) | |
| Total Other Comprehensive Income (i+ii) | (112.60) | (14.62) | (38.32) | (127.22) | (42.14) | 5.11 | |
| 16 Total Comprehensive Income (14+15) | (2,939.00) | 293.33 | (1,928.31) | (2, 645.67) | (2,790.82) | (3,311.93) | |
| 17 Paid-up equity share capital (Face value ₹ 2/- per share) | 921.57 | 921.57 | 921.57 | 921.57 | 921.57 | 921.57 | |
| 18 Reserves excluding revaluation reserves | 3,48,464.82 | 3,40,511.97 | |||||
| 19 Earnings per share (Face Value ₹ 2/- per share) | |||||||
| Basic / Diluted (₹) (non annulised) | (6.13) | 0.67 | (4.10) | (5.47) | (5.97) | (7.20) |
STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES
(₹ in lakhs)
| SR | As at | As at | SR | As at | As at | ||
|---|---|---|---|---|---|---|---|
| No | PARTICULARS | 30.09.2025 | 31.03.2025 | No | PARTICULARS | 30.09.2025 | 31.03.2025 |
| Unaudited | Audited | Unaudited | Audited | ||||
| ASSETS | EQUITY AND LIABILITIES | ||||||
| A | Non-current assets | A | Equity | ||||
| 1 | Property, Plant and Equipment | 20,473.78 | 20,783.52 | Equity Share capital | 921.57 | 921.57 | |
| 2 | Capital work-in-progress | $\overline{2}$ | Other Equity | 3,48,464.82 | 3,40,511.97 | ||
| 3 | Right to use Assets | 265.09 | 292.44 | Non-controlling interests | 8,626.98 | 2,122.41 | |
| 4 | Investment Properties | 9,713.24 | 9,818.56 | Total Equity | 3,58,013.37 | 3,43,555.95 | |
| 5 | Other Intangible assets | 3,310.44 | 4,068.87 | LIABILITIES | |||
| B | Zero Coupon Convertible Debentures | 245.19 | |||||
| 6 | Financial Assets | $\epsilon$ | Non-current liabilities | ||||
| i) Investments | 40,174.86 | 38,104.21 | 1 | Financial Liabilities | |||
| ii) Loans | i) Lease liability for asset on rent | 164.44 | 163.11 | ||||
| iii) Other Financial Assets | 43,312.23 | 43,017.83 | ii) Other financial liabilities | 423.76 | 224.24 | ||
| 7 | Deferred tax assets | 4,471.18 | 4,521.22 | $\overline{2}$ | Provisions | 1,669.08 | 1,528.52 |
| Deferred tax liabilities (net) | 534.94 | 191.33 | |||||
| 8 | Other non-current assets | 8,715.51 | 7,779.24 | Other long term liabilities | 11.54 | 15.50 | |
| Total Non-current assets | 1,30,436.33 | 1,28,385.89 | Total Non-current liabilities | 3,048.95 | 2,122.70 | ||
| B | Current assets | D | Current liabilities | ||||
| $\mathbf{1}$ | Financial Assets | $\mathbf{1}$ | Financial Liabilities | ||||
| i) Investments | 35,901.98 | 15,890.52 | i) Lease liability for asset on rent | 120.31 | 121.69 | ||
| ii) Trade receivables | 376.74 | 296.58 | ii) Trade payables | ||||
| iii) Cash and cash equivalents | 9,514.10 | 6,500.18 | Due to micro and small enterprise | 522.24 | 102.02 | ||
| iv) Bank Balances other than (iii) abo | 1,76,707.20 | 1,86,025.11 | Due to others | 804.78 | 1,091.42 | ||
| v) Loans | 1,380.60 | 87.44 | iii) Other financial liabilities | 19,693.67 | 14,608.29 | ||
| vi) Other Financial Assets | 19,814.34 | 19,718.69 | Provisions | 486.04 | 374.07 | ||
| $\overline{2}$ | Current Tax Assets (Net) | 799.41 | 2,576.77 | Current Tax liabilities | 1.55 | 0.08 | |
| $\overline{3}$ | Other current assets | 11,974.91 | 8,349.96 | $\Delta$ | Other current liabilities | 4,214.70 | 5,832.47 |
| Total current assets | 2,56,469.28 | 2,39,445.25 | Total current liabilities | 25,843.29 | 22,130.04 45.48 |
||
| C | Assets classified as held for sale | 23.03 | Ε | Liabilities classified as held for sale | 3,86,905.61 | 3,67,854.17 | |
| Total assets | 3,86,905.61 | 3,67,854.17 | Total equity and liabilities |
$\overline{3}$
| (fin lakhs) |
|---|
| Year Ended | Year Ended | ||
|---|---|---|---|
| Particulares | 30.09.2025 | 30.09.2024 | 31.03.2025 |
| Unaudited | Unaudited | Audited | |
| A. Cash flow from operating activities | |||
| Profit/ (Loss) before tax from: | |||
| Continuing operations | (3,921.67) | (4,326.81) | (5,535.60) |
| Discontinuing operations | (5.56) | 863.69 | 1,094.46 |
| Adjustments for: | |||
| Depr eciation and am ortisation expense | 1 ,570.85 | 1,654.45 | 3,229.59 |
| Gain on Fair Valuation of Financial Assets | (3,050.38) | (554.73) | (2,41 0.50) |
| Write off of investment i n bonds/ debentures Expense on Employee Stock Option Scheme |
11,920.55 30.61 |
||
| Bad trade receivables/ advances written off (net of provision held) | 16.72 | 256.16 | 280.48 |
| Provi sion/ liabilities no longer required written back | (52.23) | (1,045.66) | (1,095.63) |
| Net gain on sale o f busi ness undertaking | (126.71) | (14 ,270.26) | |
| Dividend income | (207.00) | (42.32) | (83.97) |
| Finance costs | 23.4 2 | 54.15 | 56.26 |
| Exchange ra t e fluctuations- (Gain)\ loss | (27.42) | ||
| Interest income | (7,538.98) | (6,561.41 ) | (14,273.39) |
| Operating profit before working capital changes | (13,291.54) | (9,729.90) | (21,057.40) |
| Changes in working capital: | |||
| Adjustments for: | |||
| Trade receivable, loans, other financial assets and other assets | (4 ,079.75) | (290.19) | 1,841.96 |
| Trade payables, o ther financial liablities, oth er liabil ities and provision | 3 4 58.44 | 403.92 | 1,276.19 |
| Cash used in operations | (13,912.86) | (9,616.17) | (17,939.2 6) |
| Net income tax - (paid) / refund | 568.81 | (1,49 2.83) | 3,660.98 |
| Net cash flow from operating activities | (13,344.04) | (11,109.00) | (14,278.28) |
| B. Cash flow from investing activities | |||
| Capital expenditure on Property, plant and equipment and other Intangibl e assets including capital advances |
(292.95) | (727.62) | (1,127.23) |
| Purchase o f Fi nancia l assets others | (33,562.26) | 1,983.91 | |
| Proceeds from sale of Finan cial a ssets· others Net gain on sale of business undertaking |
13,779.22 | 873.94 | (650.00) |
| 93.53 | 12,571.84 | ||
| Deposit with Competenet Authority | (9,800.00) | ||
| Decrease I (Increase) in fixed deposit with banks | 9,696.98 | (1 ,850.39) | (20,509.63) |
| Interest i ncome Dividend income |
7,034.91 207.00 |
6,089.98 4 2.32 |
12,672.40 83.97 |
| N et cash used in investin2 activities | (3 043.551 | 4 428.23 | (4 774.741 |
| C. Cash flow from financing activities | |||
| Proceeds from issue o f share capital in Subsidaries | 19,071.37 | 2,266.76 | 1 6,870.53 |
| Proceeds of borrowing by subsidiary | 375.00 | ||
| Lease Payment | (50.03) | (162.20) | (400.26) |
| Cash generated from / (used in) financing activities | 19,396.34 | 2,104.56 | 16,470 .27 |
| Net increase / (decrease) in cash and cash equivale nts (A+B+C) | 3,008.74 | (4,5 76.21) | (2,582.75) |
| Cash and cash equivalents (opening balance) | 7,002.23 | 9,584.98 | 9,584.98 |
| Ca sh and cash equivalents (closi ng balance) | 10,010.97 | 5,008.77 | 7,00 2.23 |
Consolidated Other Income consists of: (f in lakhs)
| Quarter Ended | Six months ended | |||||
|---|---|---|---|---|---|---|
| Particulars | 30.09.2025 | 30.06.2025 | 30.09.2024 | 30.09.2025 | 30.09.2024 | 31.03.2025 |
| (a) Change in fair valuation of Investments | 1,128.90 | 1,921.48 | 325.00 | 3,050.38 | 554.73 | 2,410.50 |
| (b) Interest Income | 3,904.00 | 3,634.98 | 3,182.94 | 7,538.98 | 6,561.41 | 14,273.39 |
| (c) Others (net) | 315.15 | 860.86 | 303.04 | 1,176.01 | 1 575.34 | 2,243.16 |
| 5 348.05 | 6,417.32 | 3,810.98 | 11765.37 | 8 691.48 | 18 927.05 |
Consolidated Exceptional Item consists of: (fin lakhs)
| Quarter Ended | Six months ended | Year ended | ||||
|---|---|---|---|---|---|---|
| Particulars | 30 .09.2025 |
30.06.2025 | 30.09.2024 | 30.09.2025 | 30.09.2024 | 31.03.2025 |
| (a) Gain on sale of business undertakings (refer note 2) | 126.71 | 126.71 | 14,270.26 | |||
| (b) Write off of investment in bonds ( refer note 3 and 4) | Ill 920.551 | |||||
| 126.71 | 126.71 | 2 349.71 |
Consolidated Segment-wise Revenue and results:-
| (₹ in lakhs) |
|---|
| -------------- |
| Sr. | Particulars | Quarter Ended | Six months ended | Year ended | |||
|---|---|---|---|---|---|---|---|
| No. | 30.09.2025 | 30.06.2025 | 30.09.2024 | 30.09.2025 | 30.09.2024 | 31.03.2025 | |
| lА. | CONTUNUED OPERATIONS | ||||||
| 1 | Segment Revenue: | ||||||
| Software services / Solutions | 1,934.48 | 2,826.42 | 887.63 | 4,760.90 | 1,708.46 | 4,050.90 | |
| Others | 124.73 | 223.68 | 131.33 | 348.41 | 477.52 | 710.23 | |
| Total | 2,059.21 | 3,050.10 | 1,018.96 | 5,109.31 | 2,185.98 | 4,761.13 | |
| Less: Inter segment Revenue | 5.25 | 5.25 | 39.67 | 10.50 | 45.22 | 79.09 | |
| Net Sales /Income From Operations | 2,053.96 | 3,044.85 | 979.29 | 5,098.81 | 2,140.76 | 4,682.04 | |
| $\overline{2}$ | Segment Results: | ||||||
| Software services / Solutions | (5,034.34) | (2, 113.15) | (1,707.23) | (7, 147.49) | (2,848.58) | (7,556.01) | |
| Exchange Based | |||||||
| Others | (1,313.92) | (1, 119.16) | (1,964.51) | (2,433.08) | (3,832.26) | (7, 241.83) | |
| Total | (6,348.26) | (3, 232.31) | (3,671.74) | (9,580.57) | (6,680.84) | (14, 797.84) | |
| Less: Eliminations | (65.94) | (68.21) | (67.94) | (134.15) | (123.94) | (259.58) | |
| Net Segment Results | (6, 282.32) | (3, 164.10) | (3,603.80) | (9, 446.42) | (6,556.90) | (14, 538.26) | |
| Less: Finance Cost | 52.60 | 21.53 | 15.73 | 74.13 | 28.73 | 66.88 | |
| Add : Unallocable Income | 5,348.06 | 6,417.32 | 3,810.98 | 11,765.38 | 8,691.48 | 18,927.05 | |
| Less: Unallocable Expenses | 3,199.07 | 3,094.14 | 3,127.85 | 6,293.21 | 6,432.67 | 12,207.22 | |
| Add: Exceptional Item | 126.71 | 126.71 | 2,349.71 | ||||
| Profit / (loss) before tax of continued operations | (4,059.22) | 137.55 | (2,936.40) | (3,921.67) | (4,326.82) | (5,535.60) | |
| B | DISCONTUNUED OPERATIONS | ||||||
| Profit / (loss) before tax of discontinued operations | (15.35) | 9.79 | 506.67 | (5.56) | 863.69 | 1,094.46 | |
| $\mathsf{C}$ | Net Profit / (loss) before tax for the period / year | (4,074.57) | 147.34 | (2,429.74) | (3,927.23) | (3, 463.13) | (4, 441.14) |
Segments have been identified in accordance with the Ind AS 108 "Segment Reporting" considering the organization structure and the $a)$ return/risk profiles of the business.
Software services / Solutions segment represents an integrated mix of various products, projects and activities incidental thereto. Other b) segment represents process management, Shared Business Support Services, IT Infrastructure Sharing and NBFC related services.
$\mathsf{C}$ ) Due to diversified nature of business, significant assets are interchangeably used between segments and the management believes that it is currently not practicable to provide segment disclosure relating to capital employed since a meaningful segregation is not possible.
Notes:
-
- These above financial results have been reviewed and recommended by the Audit Committee. The same have been approved by the Board of Directors of the Company at its meeting held on October 29, 2025.
-
- The Company had been providing technology solutions to brokerage houses through its three business Undertakings viz. 1) Open Dealer Integrated Network, Order Management System (OMS) (ODIN), 2) MATCH, Other Services and Components and 3) Straight Through Processing Messaging Solution (STP- Gate). As intimated earlier, the Company entered into three separate Business Transfer Agreements (BTA) dated August 13 2024 to sell these business undertakings to a party on "as is where is", basis on a slump sale, debt free and cash free basis. The sale of 1) Open Dealer Integrated Network, Order Management System (OMS) (ODIN) and 2) MATCH, Other Services and Components is complete as agreed under the agreements with closing date of January 20, 2025. The sale of STP-Gate is complete as agreed under the agreements with closing date of September 9, 2025. The disclosure with respect to the BTA was duly made to the stock exchanges. The net gain from the sale of STP Gate Undertaking is ₹ 126.71 lakhs (previous year net gain from the sale of ODIN and MATCH, Other Services and Components business undertaking of ₹ 14,270.26 lakhs) which has been included under Exceptional items in the financial results of the Company for respective periods. Since the ODIN Software and the revenue earned from itis attached under the MPID Act.1999, the consideration of an amount of ₹9,800.00 lakhs received under the BTA has been deposited with the Competent Authority under the MPID Act.
Accordingly, disclosures required under Indian Accounting Standard (Ind AS) 105 "Non Current Assets Held for Sale and Discontinued Operations", in the standalone and consolidated financial results, for all periods have also been made for all three businesses undertakings viz ODIN, MATCH, Other Services and Components and STP-Gate as under.
| (t In lakhs) | ||||||
|---|---|---|---|---|---|---|
| Quarter ended | Six months ended | Year Ended | ||||
| Particulars | 30.09.2025* | 30.06.2025 | 30.09.2024 | 30.09.2025* | 30.09.2024 | 31.03.2025* |
| Revenue from operations: | ||||||
| ODIN | - | - | 1,996.72 | - | 3,911.80 | 6,300.39 |
| MATCH, Other Services & Components | - | - | 838.76 | - | 1,599.31 | 2,654.08 |
| STP-Gate | 16.93 | 31.45 | 30.43 | 48.38 | 66.90 | 129.09 |
| Total | 16.93 | 31.45 | 2,865.91 | 48.38 | 5,578.01 | 9,083.56 |
| Total Expenses: | ||||||
| ODIN | - | - | 1,659.38 | - | 3,291.37 | 5,861.80 |
| MATCH, Other Services & Components | - | - | 671.54 | - | 1,365.35 | 2,027.84 |
| STP-Gate | 32.29 | 21.66 | 28.32 | 53.95 | 57.60 | 99.46 |
| Total | 32.29 | 21.66 | 2,359.24 | 53.95 | 4,714.32 | 7,989.10 |
| Profit before tax | ||||||
| ODIN | - | 337.34 | - | 620.43 | 438.59 | |
| MATCH, Other Services & Components | - | - | 167.22 | - | 233.96 | 626.24 |
| STP-Gate | (15.36) | 9.79 | 2.11 | (5.57) | 9.30 | 29.63 |
| Total | (15.36) | 9.79 | 506.67 | (5.57) | 863.69 | 1,094.46 |
| Tax | (4.47) | 2.85 | 147.54 | (1.62) | 251.50 | 318.71 |
| Profit after Tax | (10.89) | 6.94 | 359.13 | (3.95) | 612.19 | 775.75 |
* The amounts for these periods are for period till date of completion of transaction of the respective business undertaking.
-
- The Company invested ~ 20,000 Lakhs (face value) in Secured Non-Convertible Debentures issued by IL&FS Transportation Networks Ltd (ITNL), a subsidiary of Infrastructure Leasing & Finance Ltd (IL&FS). A Resolution process was initiated under Sections 241 and 242 of the Companies Act, 2013 under the supervision of National Company Law Appellate Tribunal (NCLAT). The Company filed its claim and also took various measures including filing legal cases against specified parties before the appropriate forum. The Hon'ble NCLAT directed ITNL to make interim distribution to the creditors, pursuant to which ITNL made partial interim distribution to the creditors including the Company and thereby Company has received f 2,978.00 Lakhs and 32,00,000 units of the Roadstar Infra Investment Trust at issue price off 100/- per unit till March 31, 2025. In view of the uncertainty about further distribution, without prejudice to its rights. adopting conservative approach, the Company has impaired and written off amount off 13,557.10 lakhs ti ll March 31, 2025 which was included under Exceptional items in financial results of the respective periods.
- 4 . The Company invested in 9% Yes Bank Perpetual Additional Tier I (AT-1) Bonds amounting to ~ 30,000 Lakhs (face value). The Final Reconstruction Scheme of Yes Bank had excluded the writing off AT-1 bonds. However, Yes Bank through its Administrator informed the stock exchanges that Additional Tier I Bonds for an amount of~ 8,415 crores were written down permanently which led to legal actions by the trustees of the issue and by the Company. The Company originally challenged the aforesaid decision of the Administrator of Yes Bank before the Hon'ble Madras High Court and later transferred before the Hon'ble Bombay High Court. The Hon'ble Bombay High Court quashed and set aside the decision of the Administrator of Yes Bank to write off AT-1) bonds which has been challenged by Yes Bank and RBI before the Hon'ble Supreme Court where t he matter is stayed subject to the final order of the Hon'ble Supreme Court. In view of the uncertainty prevailing in the matter and irrespective of t he fi nal decision in the case, the Company expects an impairment. Hence, adopting a conservative approach, the Company has impaired and written off amount of. f 10,000.00 lakhs during the year ended March 31. 2025 which was included under Exceptional items in financial result s.
- The Board of Directors of the Company, in its meeting held on 18.02.2025 approved the participation and support of the Company to the Scheme of Arrangement between National Spot Exchange Limited ("NSEL") and the Traders ("Specified Creditors" i.e., investors having outstanding claims above 10 lakhs). The Board also approved the payment of'{ 1,950 Crore as the settlement amount ("Settlement Amount"), in accordance with the terms of the Scheme, towards a One-Time Full and Final Settlement ("OTS") of the claims of'{ 4610 Cr. Approx. to 5682 Specified Creditors. This Scheme of Arrangement ("Scheme") came into place on the initiative of an investors' association called NSEL Investors Forum ("NIF") who came up with a proposal for OTS between the investors, NSEL and the Company to bring an end to all the litigations and to settle the claims of the investors. The Scheme entails payment of a Settlement Amount on 1,950 Crore by the Company to the Specified Creditors in proportion to their outstanding claims as on 31.07.2024. The Scheme envisages that on payment of the Settlement Amount, it would result in closure of proceedings against the Persons in 63 moons Group (as defined in the Scheme) and release and discharge the persons in 63 moons Group from the Specified Creditors' Claims and remove restraints in dealing with its properties. The Scheme entails full assignment of Specified Creditors' Claims to the Company on payment of the Settlement Amount. The Scheme seeks a structured resolution through a statutory mechanism provided by the Companies Act, 2013.
On filing of an application before the National Company Law Tribunal, Mumbai ("NCLT") by NSEL. the Ld. NCLT directed NSEL to convene a meeting of Specified Creditors through postal ballot with a facility of voting through electronic means (e-voting) for the purpose of considering, and, if thought fit, approving the proposed scheme. The Company was informed by NSEL that as per the report dated 19.05.2025 received from the Scrutinizer appointed by the NCLT, the Scheme has been duly approved in number 92.81 % of Specified Creditors and value 91.35% in accordance with section 230 of the Companies Act 2013 and the relevant provisions. This approval exceeds the statutory majority required by Section 230(6) of the Companies Act 2013, that is a majority in number representing three-fourths in value. As a consequence, NSEL has filed the Company Petition for the Scheme's final approval before the NCLT and is pending.
-
- Based on a civil suit before the Hon'ble Bombay High Court filed by one of the investors affected by the NSEL payment default, a Notice of Motion was fi led against the Company to restrain the Company to pay any dividends to the shareholders without approval of the Hon'ble High Court. The Hon'ble Bombay High Court passed an ad interim order inter alia restraining the Company from distributing any dividend or depositing the same in the dividend distribution account in accordance with the provisions of the Companies Act, 1956 (to be read as Companies Act, 2013) pending the final hearing and disposal of the Notice of Motion. In compliance to the said order, the Company has not distributed the final dividend approved by the shareholders for the financial years 2014-15, 2016-17 to 2020-21, 2022-23 to 2024-25 aggregating to'{ 9,307.86 lakhs. All the Notice of Motions and the Contempt Petitions filed against the Company have been tagged together and are pending for hearing. The distribution of dividend is subject to appropriate orders of the Hon'ble Court.
-
- The Union of India, through the Ministry of Corporate Affairs ("MCA"), filed a Company Petition before the Company Law Board, inter-alia seeking removal and supersession of the Board of Directors of the Company. Thereafter in 2016, after the constitution of NCLT. the matter was transferred to NCLT. The NCLT Delhi as an interim arrangement directed formation of a five member a committee for certain matters of the Company. In the Appeal, NCLT Chennai dismissed the prayer of MCA for removal and supersession of the entire Board of the Company and ordered MCA to nominate three directors on the board of the Company. The NCLAT was pleased to uphold the NCL T Order with respect to appointment of 3 nominee directors. The Company fi led civil appeal before Hon'ble Supreme Court challenging the orders passed by NCLAT & NCLT. In the interim, Hon'ble Supreme Court
granted stay on appointment of nominee directors on the board of the Company, the matter is pending for hearing.
- a) PostJuly-2013. civil suits have been filed against the Company in relation to the counter party payment default on the exchange platform of NSEL. wherein the Company was also been made a party. In these proceedings certain reliefs have been claimed against the Company, inter-alia, on the ground that the Company is the holding company of NSEL. These matters are pending before the Hon'ble Bombay High Court for adjudication. The Company has always denied the claims and contentions in its reply. There is no privity of contract between the Company and the Plaintiffs therein. The management is of the view that the parties who have filed the Civil Suits would not be able to sustain any claim against the Company. These matters are pending for hearing before the Hon'ble Bombay High Court.
b) Pursuant to the payment default on NSEL platform, First Information Report (FIR) was registered against various parties, including the Company, with the Economic Offences Wing, Mumbai (EOW) in connection with the counter party payment default on NSEL platform. After investigation, EOW, filed various charge-sheets in the matter and interalia arrayed the Company. The matter is pending before the Designated MPID Court. The State Government attached various assets of the Company under MPID Act by issuing Gazette Notifications. The Company is in process of pursuing its remedy before Hon'ble MPID Court against said Notifications.
c) The SFIO filed a complaint with the Hon'ble Sessions Court under IPC and the Companies Act, against several persons/entities including the Company relating to NSEL payment default. The Company challenged the issuance of process order before the Hon'ble Bombay High Court and the proceedings in the matter has been stayed by the Hon'ble High Court. The matter is pending for hearing before Hon'ble Bombay High Court.
d) The Enforcement Directorate('ED') attached certain assets of the Company vide Provisional Attachment Orders under the provisions of the Prevention of Money Laundering Act, 2002(PMLA). The Hon'ble Appellate Tribunal while quashing the provisional attachment orders imposed certain conditions. The Company fi led appeal before the Hon'ble Bombay High Court for the limited purpose for challenging the conditions put by the Hon'ble Appellate Tribunal. The Hon'ble Court was pleased to admit the appeal. ED also filed a cross appeal, which is tagged with the Company's appeal. The matters are pending for hearing. Meanwhile, ED filed a prosecution complaint before the Spl. PMLA Court, Mumbai against the Company and the same is pending for trial.
e) CBI also fi led charge-sheets against various persons and entities including the Company in connection with the counterparty payment default on NSEL platform based on the FIRs filed by the publi c sector undertakings - PEC Ltd. & MMTC Ltd for alleged loss suffered by PEC Ltd. & MMTC Ltd on NSEL platform and aforesaid cases are pending for trial before the Court.
-
- During the quarter ended September 30, 2025, the Company has made additional long-term investments aggregating '{ 5,250.00 lakhs in subsidiaries, which includes investment in National Spot Exchange Ltd (NSEL) to the extent of Rs. 750.00 lakhs which has been written off during the quarter.
-
- The Statutory Auditors vide their Independent Auditors Limit ed Review Report dated October 29, 2025 and issued the qualified conclusion on the unaudited standalone financial results for quarter and six months ended September 30, 2025 and basis for qualified conclusion and Management responses thereto are as under: -
Note Number 8 to the Statement forms the basis for our qualified conclusion, which are as follows:
(A) As stated by the Management of the Company in Note 8 (a) to the Statement, Civil Suits have been fi led against the Company in relation to event occurred on National Spot Exchange Limited trading platform. These matters are pending at various stages of adjudication. As stated in the said note, the management of the Company does not foresee that the parties who have filed Civil Suits would be able to sustain any claim against the Company. In addition, as stated by the management in Note 8 (b, c, d, e) to the Statement, there are First Information Reports ("FIR") / complaints / charge-sheets / orders / notices registered / received against various parties including the Company from/ with the Economic Offences Wing of the Mumbai Police (EOW). Central Bureau of Invest igation (CBI), Home Department - Government of Maharashtra under MPID Act, the Directorate of Enforcement and the Serious Fraud Investigation Office (SFIO). Above matters are pending at various stages of adjudication / investigation.
In this regard, the Management and those charged with Governance have represented to us that other than as stated in the said notes to the Statement, there are no claims, litigations which require adjustments to/disclosures in the Statement.
Accordingly, in view of above representations regarding legal matters at various stages of adjudication and ongoing investigations/ matters, the outcome of which is not known and is uncertain at this stage, we are unable to comment on the consequential impact in respect of the same on the results for the quarter and six months ended 30 September 2025.
Management Response: Refer Note 8 above.
-
- The Statutory Auditors vide their Independent Auditors Limited Review Report dated October 29, 2025 issued the qualified conclusion on the unaudited consolidated financial results for financial results quarter and six months ended September 30, 2025 and basis for qualified conclusion thereto are as disclosed: -
- I. Basis for qualified conclusion pertaining to the Company and management response thereto, Refer Note no 10 above.
- II. Basis for qual ified conclusion by the Independent Auditors of National Spot Exchange Limited (NSEL) vide their Audit Report on the unaudited consolidated financial results for quarter and six months ended September 30,2025 of NSEL, are reproduce hereunder:
- a) There are some writ petitions, public interest litigations, civil suits including in representative capacity filed by and against the Group and served with notices/letters/summons from various statutory authorities/regulators/government departments and some purported aggrieved parties. Such matters against the Company are sub-judice before different forums. The Group may be exposed to civil/criminal liabilities in case of any adverse outcome of these investigations/enquiries or legal cases or any other investigations as referred above enquires or suits which may arise later. The management of the Group does not foresee that the parties who have filed Civil suits against the Group will be able to sustain any claim against the Group.
In the light of the above representations regarding the ongoing investigations and matters, the outcome of which is not known and is uncertain at this stage, we are unable to comment on the consequential impact in respect of the same on the results for the half year ended September 30, 2025.
NSEL Management Response:
NSEL is taking all steps to defend its position, however since all matters are sub-judice, the Company is unable to quantify the impact, if any, of such legal proceedings on the financial statements of the Company. There are no claims/litigations which may require adjustments in the Consolidated Ind AS Financial Statements.
b) The other receivables. loans and advances and deposits are subject to confirmation and reconciliation. The management. however, does not expect any material changes on account of such reconciliation/ confirmation from parties. In many cases legal notices have been sent to the parties in earlier years; however, we are unable to form any opinion on the recoverability of the outstanding balances of such parties.
NSEL Management Response:
Majority in value of the other receivables, loans and advances etc. are under litigation/subject to court orders. Where amount is doubtful for recovery, Company has either made provision or disclosed the reason for non-provisioning. Company is making full efforts for recovery of the amounts.
- Previous year/period figures have been regrouped/reclassified, wherever necessary, to conform to current period's presentation.
Place: Mumbai Date: October 29. 2025
For 63 moons technologies limited
~---~cJ--"..,______ S Rajendran
Managing Director & CEO DIN- 2686150
Corporate Office: FT Tower, CTS No 256-257, Suren Road, Chakala, Andheri (East), Mumbai - 400093
Partners: So C Nos haturvcdi ha hir n C B haturv Ca V ptain N edi FCA F FCA Prakash Mistry FCA
FRN - 118424W
Independent Auditor's Limited Review Report on the quarterly and year to date Unaudited Standalone Financial Results of 63 Moons Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended
To, The Board of Directors 63 moons technologies limited CIN: L29142TN1988PLC01 5586 Mumbai
Introduction
- We have reviewed the accompanying statement of standalone unaudited financial results of 63 moons technologies limited ("the Company") for the quarter and six months ended 30th September 2025 ("the Statement") being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Regulation 2015") as amended.
This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors on 29th October, 2025, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "interim Financial Reporting" ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 ("the Act") and other recognised accounting practices and policies generally accepted in India and Regulation 33 of the SEBI Regulation 2015, as amended. Our responsibility is to express a conclusion on the Statement based on our review.
Scope of review
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SREJ 2410, "Review of interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not expressrV: audit opinion. '/
320, Tulsiani C hambers, 'ariman Point, Mumbai 400 021. India. Tel: +9 1 22 228 I 5 154 /56, ff -t~ Dept. E-Mail: Group: [email protected] / Billing: [email protected] / Audit: audit@cachat~PJm.1o9i1 4 \ ~ J> ' •(" • z Tax: [email protected] / Finance: [email protected] / \Vcbsitc: www.cachaturvcdi.com . ' · Po ~ ,-il r-J C 1,\ 1. 0
~(C'-~-f #> r'j.t~Ctf • •• o C'couNTl'-1'1'\'=>
Basis of Qualified Opinions
- As stated by the Management of the Company in Note 8(a) to the Statement, Civil Suits have been filed against the Company in relation to event occurred on National Spot Exchange Limited trading platform. These matters are pending at various stages of adjudication. As stated in the said note, the management of the Company does not foresee that the parties who have filed Civil Suits would be able to sustain any claim against the Company. In addition, as stated by the management in Note 8 (b, c, d, e) to the Statement, there are First Information Reports ("FIR")/ complaints/ charge-sheets/ orders/ notices registered/ received against various parties including the Company from/ with the Economic Offences Wing of the Mumbai Police (EOW), Central Bureau of Investigation (CBI), Home Department- Government of Maharashtra under MPID Act, the Directorate of Enforcement and the Serious Fraud Investigation Office (SFI0). Above matters are pending at various stages of adjudication/investigation.
In this regard, the Management and those charged with Governance have represented to us that other than as stated in the said notes to the Statement, there are no claims, litigations which require adjustments to/ disclosures in the Statement.
Accordingly, in view of above representations regarding legal matters at various stages of adjudication and ongoing investigations/ matters, the outcome of which is not known and is uncertain at this stage, we are unable to comment on the consequential impact in respect of the same on the results for the quarter and six months ended 30th September 2025.
Qualified conclusion
- Except for the possible effects of the matter specified under "Basis for Qualified Conclusion", and based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 as prescribed under section 133 of the Act and other recognised accounting practices and policies generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI Regulation 2015 ,as amended ,including the manner in which it is to be disclosed, or that it contains any material misstatement.
Emphasis of matter
- We draw attention to the Note 3 to the statement which describes that the Company invested ~ 20,000 Lakhs (face value) in Secured Non-Convertible Debentures issued by IL&FS Transportation Networks Ltd (ITNL), a subsidiary of Infrastructure Leasing & Finance Ltd (IL&FS). A Resolution process was initiated under Sections 241 and 242 of the Companies Act, 2013 under the supervision of National Company Law Appellate Tribunal (NCLAT). The Company filed its claim and also took various measures including filing legal cases against specified parties before the appropriate forum. The Hon'ble NC LAT directed ITNL to make interim distribution to the creditors, pursuant to which ITNL made partial interim distribution to the creditors including the Company and th
Page • 2 •
,,
:1.'i:> ..
Company has received ~ 2,978.00 Lakhs and 32,00,000 units of the Roadstar Infra Investment Trust at issue price of ~100/- per unit till March 31, 2025. In view of the uncertainty about further distribution, without prejudice to its rights, adopting conservative approach, the Company has impaired and written off amount of ~13,557.10 lakhs till March 31, 2025 w hich was included under Exceptional items in financial results of the respective periods.
-
- We draw attention to Note 4 to the Statement which describes that the Company invested in 9% Yes Bank Perpetual Additional Tier I (AT-1) Bonds amounting to~ 30,000 Lakhs (face value). The Final Reconstruction Scheme of Yes Bank had excluded the writing off AT-1 bonds. However, Yes Bank through its Administrator informed the stock exchanges that Additional Tier I Bonds for an amount of~ 8,415 crores were written down permanently which led to legal actions by the trustees of the issue and by the Company. The Company originally challenged the aforesaid decision of the Administrator of Yes Bank before the Hon'ble Madras High Court and later transferred before the Hon'ble Bombay High Court. The Hon'ble Bombay High Court quashed and set aside the decision of the Administrator of Yes Bank to write off AT-1) bonds which has been challenged by Yes Bank and RBI before the Hon'ble Supreme Court where the matter is stayed subject to the final order of the Hon'ble Supreme Court. In view of the uncertainty prevailing in the matter and irrespective of the final decision in the case, the Company expects an impairment. Hence, adopting a conservative approach, the Company has impaired and written off amount of ~10,000.00 lakhs during the year ended March 31, 2025 which was included under Exceptional items in financial results.
-
- We draw attention to Note 5 to the Statement which describes that the Board of Directors of the Company, in its meeting held on 18.02.2025 approved t he participation and support of the Company to the Scheme of Arrangement between National Spot Exchange Limited ("NSEL") and the Traders ("Specified Creditors" i.e., investors having outstanding claims above 10 lakhs). The Board also approved the payment of ~1.950 Crore as the settlement amount ("Settlement Amount"), in accordance with the terms of the Scheme, towards a One-Time Full and Final Settlement ("OTS") of the claims of ~4610 Cr. Approx. to 5682 Specified Creditors. This Scheme of Arrangement ("Scheme") came into place on the initiative of an investors' association called NSEL Investors Forum ("NIF") who came up with a proposal for OTS between the investors, NSEL and t he Company to bring an end to all the litigations and to settle the claims of the investors. The Scheme entails payment of a Settlement Amount of ~1,950 Crore by the Company to the Specified Creditors in proportion to their outstanding claims as on 31.07.2024. The Scheme envisages that on payment of the Settlement Amount, it would result in closure of proceedings against the Persons in 63 moons Group (as defined in the Scheme) and release and discharge the persons in 63 moons Group from the Specified Creditors' Claims and remove restraints in dealing with its properties. The Scheme entails full assignment of Specified Creditors' Claims to the Company on payment of the Settlement Amount. The Scheme seeks a structured resolution through a statutory mechanism provided by the Companies Act, 2013. .)RV/.:~
~~. fr-~· ' Pag 3 of 4
On filing of an application before the National Company Law Tribunal, Mumbai ("NCLT") by NSEL, the Ld. NCLT directed NSEL to convene a meeting of Specified Creditors through postal ballot with a facility of voting through electronic means (e-voting) for the purpose of considering, and, if thought fit, approving the proposed scheme. The Company was informed by NSEL that as per the report dated 19.05.2025 received from the Scrutinizer appointed by t he NCLT, the Scheme has been duly approved in number 92.81 % of Specified Creditors and value 91.35% in accord ance with section 230 of the Companies Act 201 3 and the relevant provisions. This approval exceeds the statutory majority required by Section 230(6) of the Companies Act 2013, that is a majority in number representing three-fourths in value. As a consequence, NSEL has filed the Company Petition for the Scheme's final approval before the NCLT and is pending.
Our conclusion is not modified in respect of emphasis of matters mentioned above.
t.(/\ •, : ~. ~J(("( . 5
For Chaturvedi Sohan & Co. Chartered Accountants FRN: 118424W
Vivekanand Chaturvedi ~?~~.~~:;1~; Partner , 1 cc - Membership No.106403 ~ UDIN: 2.5" lo,~ 0'3. l?,r, T !>"TJ 99 I 3
Date: 29th October, 2025 Place: Mumbai
Partners ; So Chaturv han C e hatur di V v N cdi F FCA Rajiv Cha uhan FCA Neha Chauhan ACA Shristi Chaturvcdi ACA Prakash Mistry FCA
FRN - 118424W
Independent Auditor's Limited Review Report on the quarterly and year to date Unaudited Consolidated Financial Results of 63 Moons Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended
To,
THE BOARD OF DIRECTORS 63 MOONS TECHNOLOGIES LIMITED CIN: L29142TN1988PLCO15586 Mumbai.
Introduction
-
- We have reviewed the accompanying statement of consolidated financial results of 63 moons technologies limited ("the Parent" or "the Company") and its subsidiaries (the Parent and Subsidiaries together referred to as "the Group") and its share of net profit /(loss) after tax and total comprehensive income/(loss) of its associate for the quarter and six months ended 30th September 2025 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
-
- The Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors on 29th October, 2025, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, "Interim Financial Reporting" {"Ind AS 34") prescribed under Section 133 of the Companies Act, 2013, ("the Act") and other recognized accounting 'practices and policies generally accepted in India and Regulation 33 of the SEBI Regulation 2015, as amended. Our responsibility is to express a conclusion on the Statement based on our review.
Scope of review
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim fin ancial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and app~ying audit conducted analytic~l in and accordance other revie with _w procedures. Standards on A rev Auditing i~': is subs~~ntially specIfIed under less section in ~cop 14 e 3(-J than O) ~ CYf> ~ /'r' the act and consequently does not enable us to obtain assurance that we would beco~ e aw~ ,o_ 1, ~
. 320, Tulsiani Chambers, ~ariman '.oint, Mumbai 400 021. India. Tel; +91 22 2281 5154 /56, Pa e, ~ of 6 ,:' L:) : Dept. E-Ma,1: Group: chaturvn@gma,1.com / Billing: [email protected] / Audit: [email protected] ; D1 ~r,, A ~.,. \ ( /) Tax: tax@cacha turvedi.com / Finance: [email protected] / 'Website: www.cachaturvedi.com ~ -< '-...:..._ ,.·•• • ~ ,S;.
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of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI Regulations, 2015, as amended, to the extent applicable.
- 'The Statement' includes the results of the entities mentioned in Annexure A.
Basis for qualified Conclusion
- As stated by the Management of the Holding Company in Note 8 (a) to the Statement, Civil Suits have been filed against the Holding Company in relation to event occurred on National Spot Exchange Limited trading platform. These matters are pending at various stages of adjudication. As stated in the said note, the management of the Company does not foresee that the parties who have filed Civil Suits would be able to sustain any claim against the Holding Company. In addition, as stated by the management in Note 8 (b, c, d, e) to the Statement, First Information Reports ("FIR")/ complaints/ charge-sheets/ orders/ notices registered/ received against various parties including the Company from/ with the Economic Offences Wing of the Mumbai Police (EOW), Central Bureau of Investigation (CBI), Home Department - Government of Maharashtra under MPID Act, the Directorate of Enforcement, and the Serious Fraud Investigation Office (SFI0). Above matters are pending at various stages of adjudication/investigation
In this regard, the Management and those charged with Governance have represented to us that other than as stated in the said notes to the Statement, there are no claims, litigations which require adjustments to/ disclosures in the Statement.
-
- We reproduce hereunder the 'Basis for Qualified Conclusion' issued by the independent auditor(s) of a subsidiary viz. National Spot Exchange Limited ('NSEL') vide their limited review report on the consolidated financial statement of NSEL, to the extent the same are found significant as per the Guidance issued by the Institute of Chartered Accountants of India, from time to time and which also forms the basis for qualified conclusion in our limited review report on the accompanying Statement of the Group:
- a) There are some writ petitions, public interest litigations, civil suits including in representative capacity filed by and against the Group and served with notices/letters/ summons from various statutory authorities/ regulators! Government departments and some purported aggrieved parties. Such matters against the Group are sub-judice before different forums. The Group may be exposed to civil/criminal liabilities in case of any adverse outcome of these investigations/enquiries or legal cases or any other investigations as referred above enquiries or suits which may arise at a later date. The management of the Group does not foresee that the parties who have filed Civil suits against the Group will be able to sustain any claim against the Group.
In the light of the above, representations regarding the ongoing investigations and matters, the outcome of which is not known and is uncertain at this stage, wear .nab le to comment on the consequential impact in respect of the same on the re:s fM'"t&#h ~...._r/,:-:-t • , quarter ended 30' h September 2025. t-·· . I_ •• •: .'
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b} The other receivables, loans and advances and deposits are subject to confirmation and reconciliation. The management, however, does not expect any material changes on account of such reconciliation/confirmation from parties. In many cases legal notices have been sent to the parties in earlier years; however, we are unable to form any opinion on the recoverability of the outstanding balances of such parties''.
Qualified conclusion
- Except for the possible effects of the matters specified under "Basis for qualified conclusion", and based on our review conducted and procedures performed as stated in "Scope of review" paragraph above and based on the considerat ion of the review reports of other auditors referred to in "Other matters" paragraph below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI Regulation 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
Emphasis of matters
-
- We draw attention to the Note 3 to the statement which describes that the Company invested'{ 20,000 Lakhs (face value) in Secured Non-Convertible Debentures issued by IL&FS Transportation Networks Ltd (ITNL), a subsidiary of Infrastructure Leasing & Finance Ltd (IL&FS). A Resolution process was initiated under Sections 241 and 242 of the Companies Act, 2013 under the supervision of National Company Law Appellate Tribunal (NC LAT). The Company filed its claim and also took various measures including filing legal cases against specified parties before the appropriate forum. The Hon'ble NCLAT directed ITNL to make interim distribution to the creditors, pursuant to which ITNL made partial interim distribution to the creditors including the Company and thereby Company has received '{ 2,978.00 Lakhs and 32,00,000 units of t he Roadstar Infra Investment Trust at issue price of '{100/- per unit till March 31, 2025. In view of the uncertainty about further distribution, without prejudice to its rights, adopting conservative approach, the Company has impaired and written off amount of '{13,557.10 lakhs tilt March 31, 2025 which was included under Exceptional items in financial results of the respective periods.
-
- We draw attention to Note 4 to t he Statement which describes that the Company invest ed in 9% Yes Bank Perpetual Additional Tier I (AT-1) Bonds amounting to'{ 30,000 Lakhs (face value). The Final Reconstruction Scheme of Yes Bank had excluded the writing off AT-1 bonds. However, Yes Bank through its Administrator informed the stock exchanges that Additional Tier I Bonds for an amount of '{ 8,415 crores were written down permanently which led to legal actions by the trustees of the issue and by the Company. The Company originally challenged the aforesaid decision of the Administrator of Yes Bank before the Hon'bte Madras High Coul t a al atec• ..-'\)RV 1:-(f transferred before the Hon'ble Bombay High Court. The Hon'ble Bombay High Cou ,quaslfe·d<,S' and set aside the decision of t he Administrator of Yes Bank to write off AT-1) bon~ ,iihich ha~ '\f1, i::: ' \ ,',· .,. ,\ z
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been challenged by Yes Bank and RBI before the Hon'ble Supreme Court where the matter is stayed subject to the final order of the Hon'ble Supreme Court. In view of the uncertainty prevailing in the matter and irrespective of the final decision in the case, the Company expects an impairment. Hence, adopting a conservative approach, the Company has impaired and written off amount of ~10,000.00 lakhs during the year ended March 31, 2025 which was included under Exceptional items in financial results.
- We draw attention to Note 5 to the Statement which describes that the Board of Directors of the Company, in its meeting held on 18.02.2025 approved the participation and support of the Company to the Scheme of Arrangement between National Spot Exchange Limited ("NSEL") and the Traders ("Specified Creditors" i.e., investors having outstanding claims above 10 lakhs). The Board also approved the payment of ~1,950 Crore as the settlement amount ("Settlement Amount"), in accordance with the terms of the Scheme, towards a One-Time Full and Final Settlement ("OTS") of the claims of ~4610 Cr. Approx. to 5682 Specified Creditors. This Scheme of Arrangement ("Scheme") came into place on the initiative of an investors' association called NSEL Investors Forum ("NIF") who came up with a proposal for OTS between the investors, NSEL and the Company to bring an end to all the litigations and to settle the claims of the investors. The Scheme entails payment of a Settlement Amount of ~1,950 Crore by the Company to the Specified Creditors in proportion to their outstanding claims as on 31 .07.2024. The Scheme envisages that on payment of the Settlement Amount, it would result in closure of proceedings against the Persons in 63 moons Group (as defined in the Scheme) and release and discharge the persons in 63 moons Group from the Specified Creditors' Claims and remove restraints in dealing with its properties. The Scheme entails full assignment of Specified Creditors' Claims to the Company on payment of the Settlement Amount. The Scheme seeks a structured resolution through a statutory mechanism provided by the Companies Act, 2013.
On filing of an application before the National Company Law Tribunal, Mumbai ("NCLT") by NSEL, the Ld. NCLT directed NSEL to convene a meeting of Specified Creditors through postal ballot with a facility of voting through electronic means (e-voting) for the purpose of considering, and, if thought fit, approving the proposed scheme. The Company was informed by NSEL that as per the report dated 19.05.2025 received from the Scrutinizer appointed by the NCLT, the Scheme has been duly approved in number 92.81 o/o of Specified Creditors and value 91.35% in accordance with section 230 of the Companies Act 2013 and the relevant provisions. This approval exceeds the statutory majority required by Section 230(6) of the Companies Act 2013, that is a majority in number representing three-fourths in value. As a consequence, NSEL has filed the Company Petition for the Scheme's final approval before the NCLT and is pending.
Our conclusion is not modified in respect of these matters of emphasis
Other matters
11 . The Statement includes the financial statements (standalone/consolidated) of three domestic subsidiaries included in the Statement which have been reviewed by their respective independent auditors and it reflects total assets of Rs.78,950.71 lakhs as at 30'" Se tember 2025; as well as the total revenue of Rs.1,728.17 lakhs, total net profit/(loss af~er tax 61~ . ,5', Rs.(5, 167.75) lakhs and other comprehensive income of Rs.(51.11) Lakhs for the,guarter endec( l I , , , 7
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30th September, 2025. These interim consolidated financial statements have been reviewed by their respective independent auditors whose review reports have been furnished to us by the Parent's management. Our conclusion on the accompanying Statement, to the extent it has been derived from such interim consolidated financial statements is based solely on the reports of such other auditors and the procedures performed by us as stated above.
-
- The Statement includes interim financial statements (separate/consolidated) fin ancial information of four domestic subsidiaries, four foreign subsidiaries and an associate which have not been reviewed by their respective independent auditors and is certified by the respective Company's management. These interim financial statements (separate/consolidated)/ financial information reflects total assets of Rs.22,998.05 lakhs as at 30th September 2025, total revenue of Rs.207.94 lakhs, total net profit/(loss) after tax of Rs.(298.26) lakhs, other comprehensive income of Rs. Nil for the quarter ended 30th September 2025. The Statement also includes the Group's share of profit/(loss) of Rs.(9.66) lakhs for the quarter ended 30th September 2025, in respect of an associate. Our conclusion on the accompanying Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and an associate is based solely on these management certified interim financial statements (separate/consolidated)/ financial information, to the extent applicable, as stated above. According to the information and explanations given to us by the Parent Company's management, these interim financial statements (separate/consolidated)/ financial information are not material to the Group.
-
- Certain subsidiaries are located outside India and their interim financial statements(separate/consolidated)/ financial information have been prepared in accordance with accounting principles generally accepted in their respective countries. The Parent Company's management has converted these interim financial statements(separate/consolidated)/ financial information from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent Company's management. Our conclusion in so far as it relates to the balances and affairs of these subsidiaries located outside India is based on the management certified information and the conversion adjustments prepared by the management of the Holding Company and reviewed by us.
For Chaturvedi Sohan & Co. Chartered Accountants FRN : 118424W V
Vivekanand Chaturvedi Partner Membership No.106403 UDIN: '2. S" lol l(o312,M.f !>Tk. C:;~cn
Date: 29t h October, 2025 Place: Mumbai
Annexure A to the Independent Auditors' Limited Review Report on unaudited consolidated financial results of 63 moons technologies limited for the quarter and six months ended 30th September, 2025.
| Sr. No. |
Name of Subsidiaries | Domestic/ Foreign Company |
|---|---|---|
| 1. | Ticker Limited (Former known as Ticker Plant Limited) | Domestic |
| 1A. | 3.0 Verse Limited (subsidiary of Ticker Limited) | Domestic |
| 1 B. | Three 0 Verse Global IT Services L.L.C (subsidiary of Ticker Limited} |
Foreign |
| 1C. | Ticker Data Limited (subsidiary of Ticker Limited) | Domestic |
| 1 D. | 9 Point Capital Private Limited (Subsidiary of Ticker Ltd.) | Domestic |
| 2. | Financial Technologies Communications Limited (FTCL) | Domestic |
| 3. | Apian Finance & Investment Limited (Apian) | Domestic |
| 4. | FT Projects Limited. (FTPL) | Domestic |
| 5. | 63SATS Cybertech Limited (Formerly known as 63SATS Global Cyber Technologies Networks Limited (63SATS) |
Domestic |
| 6. | FT Knowledge Management Company Limited (FTKMCL} | Domestic |
| 7. | Knowledge Assets Pvt. Limited (KAPL) | Foreign |
| 8. | National Spot Exchange Limited (NSEL) | Domestic |
| BA. | Indian Bullion Market Association Limited (IBMA) (subsidiary of NSEL) |
Domestic |
| 8B. | Farmer Agricultural Integrated Development Alliance Limited (FAIDA) ( subsidiary of NSEL) |
Domestic |
| BC. | Western ghats Agro Growers Company Limited (WGAGL) (subsidiary of NSEL) |
Domestic |
| 9. | FT Group Investments Pvt. Limited. (FTGIPL) | Foreign |
| 10. | Financial Technologies Singapore Pte Limited (FTSPL) | Foreign |
| 11. | ICX Platform (Pty) Limited (ICX) | Foreign |
| Name of Associate Company | ||
| 1. | NTT Data Payment Services India Pvt. Ltd. (Formerly Atom Technologies Limited (Atom)) |
Domestic |
| List of Subsidiaries which are under liquidation | ||
| 1. | IBS Forex Lim ited (IBS) | •~ Domest ic \l~'li |
